Canton price

CC

#17

The Canton Network is a layer 1 smart contract blockchain with configurable privacy and controls solving for public network adoption of RWAs and TradFi institutions. The network uses a two-tier consensus mechanism allowing for unlimited horizontal scalability of the network while maintaining full smart contract interoperability across it. The Global Synchronizer acts as a network backbone for the ecosystem.

Canton Coin (CC) is a utility token used to pay application and infrastructure fees on the Global Synchronizer, as well as to incentivize and reward network stakeholders.

• All canton Coin are earned for utility brought to the network
• Running the Global Synchronizer (Super Validator rewards)
• Running full nodes to provide network access (Validator rewards)
• Running apps and services (Application rewards)
• Available rewards are determined by a set mining curve including halvings and splits between the three groups.
• All fees are burned to enable efficient price discovery based on utility through Burn Mint Equilibrium (BME)

Canton Network and the Global Synchronizer Foundation were launched by a range of institutions across TradFi and Crypto. The Global Synchronizer Foundation is managed by the Linux Foundation. Members include: 7Ridge, Bitwave, Broadridge, Calastone, Cumberland, Digital Asset, Equilend, Euroclear, Global Blockchain Business Council, IntellectEU, Kaleido, LendOS, Liberty City Ventures, MPCH, Obsidian Systems, SBI Digital Asset Holdings, Taurus, Tradeweb

Digital Asset, the company that developed the Canton blockchain protocol and its Daml smart contract language was founded by

• Don Wilson; Founder & CEO of DRW
• Yuval Rooz; ex-Citadel, ex-DRW, Founder DRW VC
• Eric Saraniecki; ex-DRW, co-founder Cumberland
• Shaul Kfir; co-author libsnark, co-founder Bits of Gold

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